1. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Material Handling Equipment Market to cross $190 bn by 2024

2. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Material handling equipment Market has evolved in the past few years with advanced technological interventions such as voice picking, RFID, Big data analytics, IoT, etc. With the developments in logistics operations globally, the adoption of material handling systems across several end users has turned huge. A strong investment in the installation of these machineries in warehouses to enhance the productivity, is anticipated to directly influence material handling equipment market growth path. Some of the end use industries such as general merchandise, food retail, and durable manufacturing are also automating their production base by incorporating material handling equipment in the process. As per Global Market Insights Inc., “Material handling equipment market having held a revenue of USD 110 billion in 2015, is slated to exceed USD 190 billion in the next seven years, with a projected CAGR of 5% over the period of 2016-2024.” Key Insights from Material Handling Equipment Market:

3. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Automated Storage & Retrieval System (AS/RS)), industrial trucks, storage & handling equipment, and robotics are the major products prevalent in the market. Material handling equipment Market from robots is witnessing a significant demand. The high-end manufacturing plants are incorporating robots to offer high level productivity on grounds of minimum manual error. These robots can efficiently transport objects from one location to other without human involvement.  Industrial trucks usage has also increased in the recent times. The recurring transfer of goods from one place to other through a conveyor system is not at all a convincing option, which in turn is propelling material handling equipment market demand from industrial trucks sector. In a continuously developing dynamic manufacturing environment, automated storage & retrieval System (AS/RS) will also witness large scale adoption. (AS/RS) requires less human involvement, reduced floor space, and inventory levels, which puts them on a higher edge than manual storage approaches. Continued...

4. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  E-commerce is expected to dominate the application landscape for material handling equipment Market in the years ahead. The advent of e-commerce has provided the customers with an infinite variety of choices, leading to a surging demand for faster deliveries worldwide. Numerous vendors of e-commerce Market are installing ware house management system for monitoring inventory levels, which is expected to have a direct impact on material handling equipment market growth chart. Continued...

5. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Latest Research Report on Material Handling Equipment Market @ https://www.gminsights.com/Market-analysis/material-handling-equipment-market Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1384

6. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Global Material Handling Equipment Market Size, By Application, 2015 & 2024 ($ Bn)

7. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Kion Group AG Daifuku Co. Ltd Bastian Solutions LLC Dematic GmbH Major Companies in Material Handling Equipment Market:

8. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Asia-Pacific region is anticipated to witness substantial growth in material handling equipment Market in the coming timeframe. A major share of the region’s growth projection can be credited to the increasing industrial developments and the growing adoption of E-commerce across this belt that propels the implementation of material handling equipment. In addition to this, low labor and reduced transportation costs across these regions is allowing the manufacturers to incline toward automated systems, which in turn is influencing the regional growth. Regional Insights in Material Handling Equipment Market:

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